Orange reported stable revenues in the third quarter, at 10.58 billion euros, with revenue growth in France offsetting the decline in Europe, and confirmed its objectives for this year.
Revenue growth returned in the third quarter of 2020 despite the continuing sharp decline in roaming and the more limited decline in equipment sales, both linked to the health crisis. Growth in France and Africa & Middle East exceeded the decline in the other segments, which nevertheless showed an improving trend compared to the second quarter.
A moderate decline in EBITDAaL was registered in the third quarter, which benefited from the co-financing of the fiber network in France yet remains adversely impacted by the decline in roaming and the cost of health measures. Over the first nine months, the decline in EBITDAaL was limited to 0.6%1.
The Group’s eCAPEX declined over the first nine months, mainly as a result of co-financing, despite the acceleration of deployments in fixed and mobile broadband networks.
Commenting on the publication of the third quarter 2020 results, Stéphane Richard, Chairman and CEO of the Orange Group, said, “From the beginning of the year the Orange Group has demonstrated its resilience in all its markets in the face of an unprecedented health and economic crisis. Our networks have proven their robustness, our commercial performance has been very positive and we’re in line with all our financial objectives for the year.”